TaxACT(R) Deluxe 2008 -- Taxes Done Right

CEDAR RAPIDS, IA--(Marketwire - January 8, 2009) - 2nd Story Software®, Inc. announces the release of TaxACT® 2008 Deluxe. TaxACT Deluxe users receive all the benefits of TaxACT Standard with additional features like TaxACT's new Donation Assistant™ and unlimited live support via phone or e-mail. Users who e-file using TaxACT Deluxe and utilize direct deposit can have their tax refund in as few as eight days(1).

"We've spent the last decade providing top-of-the-line tax preparation software to our users at low prices. While our competitors have raised their prices and tacked on fees, our focus has been on improving our users' experience while keeping costs low," says Lance Dunn, CPA and President of 2nd Story Software, Inc.

"We worked very hard this year to make valuable additions to TaxACT Deluxe and we think we've done that with the new Donation Assistant™. This tool will help our users track their charitable donations and provide fair market value for more than 700 items based on the condition. Donation Assistant is just one more way that TaxACT can help our users get their maximum refund. Given the current state of the economy, we want our customers to know they're getting the biggest refund possible, without spending a lot to get it."

TaxACT® Deluxe

TaxACT Deluxe gives customers access to more one-on-one support and several features that provide additional advice and guidance. Some of the features available to Deluxe users include:

--  NEW! Donation Assistant™: Turn your charitable contributions into
    big tax savings. Donation Assistant lets you accurately track your
    donations and provides you with certified resale values for nearly 700
    commonly donated items, eliminating the guesswork and putting more cash in
    your wallet.
    
--  NEW! Maximum Refund Pledge: If you receive a larger refund or smaller
    tax due from another tax preparation method with the same data, we will
    refund the applicable product price paid for your TaxACT® Deluxe federal
    return.
    
--  Unlimited Phone Support: No matter how complicated your tax related
    question is, our dedicated Taxpayer Support team will work with you to
    resolve it. No time limits, no fees; just a trained specialist waiting to
    provide you with the help and information you need.
    

About TaxACT®

TaxACT has provided a complete Web-based tax resource for more than a decade. We focus on making tax preparation easy, fast and reliable, while providing software to taxpayers at little or no cost. TaxACT Standard was the first free federal electronic tax preparation program and the first to offer free printing and e-filing services to all American taxpayers. TaxACTOnline.com is the 2nd most visited online destination for tax preparation services(2).

About 2nd Story Software®, Inc.

2nd Story Software, Inc., a privately held company founded in 1998, is a leader in developing affordable tax preparation software and Web-based services directly to consumers. TaxACT products continually provide users with well-informed tax strategies in an easy-to-use format, while maintaining focus on providing the best value for our customers. For more information, visit www.TaxACT.com.

(1) In general, the IRS estimates that it will take 8-15 days for taxpayers who e-file their return and direct deposit to receive their federal tax refund from an accepted tax return. IRS processing delays may occur, delaying receipt of the taxpayers refund. The IRS begins accepting e-filed returns on Jan. 16th.

(2) According to collective week end reports released by Hitwise™ during the 2005, 2006 and 2007 tax seasons.

Contact Information: Contact: Leigh Aragon (319) 373-3600x 2184